FREDERICA ACADEMY INC (EIN 581093060) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

STEVE LOPICCOLO

Phone

9126389981

Tax Period

2023-07-01 to 2024-06-30

FREDERICA ACADEMY INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $15.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 17% operating margin.

Mission

TO MAXIMIZE EACH STUDENT'S POTENTIAL AND PREPARE HIM/HER FOR COLLEGE AND ADULT LIFE THROUGH THE DEVELOPMENT OF MIND, BODY, AND SPIRIT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,192,806

Program Service Revenue $10,951,821

Investment Income $389,620

Other Revenue $85,602

TOTAL REVENUE $15,619,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,455,199

Fundraising Expenses $549,678

Program Expenses $10,503,441

Other Expenses $6,507,622

TOTAL EXPENSES $12,969,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,619,849	$13,802,961	+0.1%
Expenses	$12,969,343	$11,947,089	+0.1%
Net Income	$2,650,506	$1,855,872	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

131

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$270,644

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED SAMS	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ANN MCGLAUGHLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG JOHNSON	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DANA CARTER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DEBORAH WRIGHT	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
GREER BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
BONNIE BROOKS	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
HILLARY JOHNSTON	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JARED VANN	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JIM WALKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIM JOHNSON	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
KIRK WATSON	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
PARKER LAVIN	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
VALERIE DUNN	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
OSCAR PATRON	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
STEVE HOOVER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
MARLA MELNYK	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JOY MITCHELL	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
BILLY SUDDATH	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ADAM HAGFORS	TREASURER	1.00	Officer Director	$0	$0	$0
ZACHRY VEAL	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ALLISON REID	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JEFF SHIVER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DAN SPEIGHT	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
SCOTT HUTCHINSON	HEAD OF SCHOOL	40.00	Key Emp	$247,350	$23,294	$270,644
JOHN POPE	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$124,872	$15,092	$139,964

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$15,619,849	$12,969,343	$31,897,463	$2,650,506
2023	$13,802,961	$11,947,089	$28,969,731	$1,855,872
2022	$16,625,706	$10,414,159	$26,190,824	$6,211,547
2021	$10,623,621	$9,814,555	$20,227,220	$809,066
2020	$9,201,011	$9,371,803	$18,082,499	$-170,792
2019	$8,360,793	$8,468,933	$15,799,832	$-108,140
2018	$8,861,511	$8,429,220	$15,720,440	$432,291

FREDERICA ACADEMY INC